E*Trade Carries High Risk-Reward - TheStreet

E*Trade Carries High Risk-Reward

It's had its share of problems, but it deserves a higher price.
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By Stockpickr Guest Columnist Faisal Laljee of StocksandBlogs.com

E*Trade Financial

(ETFC) - Get Report

has had its share of problems.

A few years back, it was the biggest competitor to

TD Ameritrade

(AMTD) - Get Report

, and the stock traded together with the brokerage stocks. Yet since the mortgage headlines began to hit the wires last year, the stock has dropped from $23 to around $3 today. In fact, the stock hit $2.25 back in January of this year.

In other words, the stock has been hit as if it were a

Countrywide

.

To find out why E*Trade might be a compelling stock, please click here.

This article was written by a member of the Stockpickr community. At the time of publication, Faisal Laljee was long E*Trade, though positions can change at any time. Stock recommendations and comments presented on Stockpickr.com are solely those of the members quoted. They do not represent the opinions of Stockpickr.com on whether to buy, sell or hold shares of a particular stock. Members should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a member's stock analysis or opinion. All members are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance or portfolio performance is no guarantee of future price appreciation or performance. Furthermore, Stockpickr.com does not guarantee the accuracy or completeness of information on the site, nor does Stockpickr.com assume any liability for any loss that may result from reliance by any person upon any such information or recommendations. Such information recommendations are for general information only.